Hugh Marks and Lizzie Young join Domain’s board as non-executive directors
Nine-owned real estate platform Domain has appointed Nine’s CEO Hugh Marks and managing director, commercial partnerships, Lizzie Young, to its board as non-executive directors.
Marks and Young will replace Partrick Allaway, a director of the Nine board, and Gail Hambly, a former senior executive with Fairfax.
Marks and Young will now sit on the Domain board
Domain was founded by Fairfax Media and came to power with CEO Antony Catalano at the helm. The company was listed on the Australian Stock Exchange (ASX) in 2017, and Catalano left the company in early 2018 amid claims of misbehaviour and poor work culture at the company.
Google’s Jason Pellegrino came in as CEO in mid-2018. In December of that year Nine and Fairfax Media merged, with Nine taking over Fairfax’s 59% ownership of Domain.
In a statement posted to the ASX this morning, Marks and Young’s appointment was announced, along with the departure of Allaway and Hambly. The changes will come into effect February 1, with Allaway still holding his position as director of Nine.
Domain chairman Nick Falloon will replace Allaway as a member of the Audit and Risk Committee.
According to the release made to the ASX, the appointment reflects Nine’s ‘substantial 59% shareholding in Domain and the strong ongoing relationship’.
Falloon thanked Hambly and Allaway for their contribution to the company during their tenure on the board.
“On behalf of the Board, I would like to sincerely thank Patrick and Gail for their significant contributions to Domain, particularly in the transition from Fairfax ownership to an independently listed company,” said Falloon.
“Their experience and understanding of the Domain business have been a valuable addition to Domain’s Board. Both Patrick and Gail have recently taken on new directorships and this is the right time for them to move on from Domain. We wish them well in their future roles.”
topics
Antony Catalano
Domain
Domain Group
Fairfax
Fairfax Media
Gail Hambly
Hugh Marks
Jason Pellegrino
Lizzie Young
Nick Falloon
Nine
Patrick Allaway
